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FxWirePro: GBP/NZD claws back some ground, bulls set to regain control

• GBP/NZD retreated   on Friday as currencies early gains evaporated  after U.S. jobs data.

• GBP/NZD dipped near 1.9333, but losses were limited by demand near the 21-day moving average at 1.3910. 

• GBP/NZD remains bullish , only a close back below  50%fib at 1.9167 , could upset the bullish order.

• Immediate resistance is located at 1.9419 (Daily high ), any close above will push the pair towards 1.9509 (23.6%fib).

• Strong support is seen at 1.9317(38.2% fib) and break below could take the pair towards 1.9228 (5DMA).

Recommendation: Good to buy  around 1.9300, with stop loss of 1.9200 and target price of 1.9400
 

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